Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Current Assets
Cash and cash equivalents	$ 366.9	$ 286.2
Short-term investments	12.5	9.4
Accounts receivable (net of allowances of $14.8 and $10.6)	800.5	675.3
Inventories, net	739.0	662.1
Other current assets	75.6	66.8
Assets held for sale - current	0.0	179.5
Total Current Assets	1,994.5	1,879.3
Property, Plant, and Equipment, net	478.5	459.5
Other Assets
Investments	66.6	69.1
Goodwill	1,948.8	1,871.3
Other intangible assets, net	690.3	681.5
Other long-term assets	159.7	143.7
Assets held for sale - non-current	0.0	177.1
TOTAL ASSETS	5,338.4	5,281.5
Current Liabilities
Short-term debt	4.0	9.7
Accounts payable	569.9	532.8
Accrued salaries, wages and employee benefits	107.9	94.7
Accrued insurance	74.5	73.3
Other accrued liabilities	306.2	263.4
Liabilities held for sale - current	0.0	91.3
Total Current Liabilities	1,062.5	1,065.2
Long-Term Debt	1,437.3	1,435.5
Other Non-Current Liabilities	508.4	521.3
Liabilities held for sale - non-current	0.0	18.8
TOTAL LIABILITIES	3,008.2	3,040.8
Hubbell Incorporated Shareholders’ Equity	2,318.7	2,229.8
Noncontrolling interest	11.5	10.9
TOTAL EQUITY	2,330.2	2,240.7
TOTAL LIABILITIES AND EQUITY	$ 5,338.4	$ 5,281.5

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred through that date and payable to insurance entities to mitigate potential loss from various risks or to satisfy a promise to provide certain coverage's to employees. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).